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West High Yield (W.H.Y.) Resources Ltd. receives draft Environmental Management Act permit for Record Ridge Project

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Executive Summary

West High Yield (W.H.Y.) Resources Ltd. has achieved another significant regulatory milestone with the receipt of a draft Environmental Management Act permit from the British Columbia Ministry of Environment and Parks for its Record Ridge Industrial Mineral Mine Project near Rossland, BC. This advancement follows the company's receipt of its Mines Act permit in October 2025 and a draft Highway Access permit in March 2026, demonstrating steady progress through the complex provincial permitting regime.

The EMA permit addresses critical operational aspects including site water management, environmental monitoring, sediment and erosion control, and fugitive dust management for the project. The company is conducting a detailed technical review of the draft permit while working toward finalization with regulatory authorities. Remaining permits including the final Mine Access permit, Water Licence permit, and Occupant Licence to Cut permit are in final review stages, positioning the project for potential construction commencement in 2026.

The Record Ridge project represents a significant critical minerals opportunity, containing approximately 10.6 million tonnes of magnesium based on an NI 43-101 compliant Preliminary Economic Assessment. The deposit also contains silica, nickel, and iron, positioning it within Canada's critical minerals strategy. The company's emphasis on green processing techniques to minimize waste and CO2 emissions aligns with current industry and government priorities for sustainable mining practices.

Concurrently, West High Yield continues advancing its downstream processing pilot program, having successfully completed setup and commissioning activities and prepared ore feed for leaching processes. The pilot program aims to generate operational data supporting future engineering work and potential feasibility studies for a commercial processing plant. The company is also progressing construction and development financing discussions, which are expected to advance following receipt of remaining key permits and authorizations, setting the stage for potential project development in the near term.
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